ETech°®️🇪🇹
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🇺🇸 Daily crypto news and Web3 updates for the US crypto audience and global investors.
Focused on Bitcoin, Ethereum, DeFi, airdrops, and real-time blockchain innovations.
Clarity, speed, and value — no noise.
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Russia adopts a new bill to create a legal foundation for cryptocurrencies.

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President Trump set to unveil 10% tariffs targeting dozens of countries this week.

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📣 Movement Labs Files for Bankruptcy

Movement Labs, the Ethereum layer-2 project built using Meta’s Move language, has officially filed for bankruptcy. The trouble began after its MOVE token launch in December 2024, when a CoinDesk investigation uncovered a controversial market-making agreement that granted a single entity control over a large portion of the circulating supply.

Just one day post-launch, 66 million MOVE tokens flooded the market—an event that triggered immediate backlash. Binance swiftly suspended the market maker’s account. By May 2025, co-founder Rushi Manche had stepped down.

In June 2026, the project shifted direction, repositioning itself around cross-border payments and stablecoin settlements, citing regulatory-compliant payment infrastructure in the U.S., Canada, and the EU. The pivot, however, wasn’t enough to secure its future.

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Feeling low? Keep going — brighter days are ahead.

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✈️ Durov just revealed: a native non-custodial Gram wallet is coming to all Telegram apps.

For over a billion users, instant cryptocurrency transfers with zero fees are now just around the corner.

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💰 A whale who held BTC for more than 12 years has completely cashed out.

An anonymous investor sold the final 1,000 BTC from a wallet that’s been dormant since 2013, when it first acquired 5,000 BTC for roughly $1.6 million. The entire stash was liquidated for approximately $434 million.

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Brent crude oil climbs above $95 for the first time in six weeks.

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The U.S. has collected over $13 billion from Venezuelan oil sales this year.

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📣 Musk Predicts a Fundamental Economic Shift Within 10–20 Years

Elon Musk forecasts that breakthroughs in AI and humanoid robotics will drastically reduce the need for human labor, reshaping the global economy in unprecedented ways.

He argues that traditional ideas—like saving for a "comfortable retirement"—could become irrelevant, as society undergoes profound transformation in the coming decades.

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President Trump issues threat to target Iran's bridges and energy infrastructure.

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₩160 trillion has been wiped into the South Korean stock market today as the KOSPI surges 2.91%.

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Algorithmic stablecoin Balance Coin (BLC) crashed more than 99% following the 42DAO hack, which siphoned $915,000.

The fallout from Terra (LUNA) taught us nothing.

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PayPal rejects Stripe's $53B takeover bid, calling it an undervaluation of PYPL stock

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Hyperliquid open interest reaches $11.5 billion — the highest since October 2025.

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Cryptocurrency exchange BitMEX prepares to halt all operations.

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American institutional investors have offloaded BTC on Coinbase for close to 900 hours — the longest stretch of sustained selling pressure in two years. Historically, such extended bearish sentiment has often preceded upward market reversals, according to CryptoQuant.

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🫶 Ondo Finance Now Supports Tokenized Stocks as Collateral

Ondo Finance (ONDO) has taken a significant step by allowing tokenized stocks to be used as collateral on OndoPerps. The platform now supports SPYon and QQQon—tokenized ETFs representing the S&P 500 and Nasdaq-100—as direct margin assets, eliminating the need for conversion into stablecoins. Each asset has a collateral cap of $100,000 in nominal value, with additional tokenized assets on the roadmap.

OndoPerps has already processed over $3.8 billion in trading volume, offers up to 20x leverage, operates 24/7, is based in Panama, and is not available to US citizens.

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Bitcoin ETF sees nearly $1B in inflows over seven-day surge

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Federal Reserve now expected to hike interest rates twice this year.

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Kazakhstan plans to establish a national cryptocurrency reserve supported by Bitcoin miners.

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